Monday , July 26 2021

The VOI electric scooter received 50 million euros in investment to reach Portugal – the Observer

Joint electric scooters have recently arrived in Portugal by the hands of Lime and there are now more companies that want to enter the country with this new urban mobility. One of them is VOI Techonlogy, a Swedish startup with investors such as Justin Mateen (co-founder of Tinder) and Nicolas Brusson (co-founder and CEO of BlaBlaCar). The company receives around 48 million euros from the Balderton Capital series. A round of investment is to "enter new markets such as Portugal, Belgium, the Netherlands, Luxembourg, France, Germany, Italy and Norway," he said in a statement. .

At present, VOI Technology is recruiting, because it is possible to see on Linkedin, a national responsible person that, among other functions, will choose employees for the Marketing department and company operations in Portugal. This expansion, which according to the company will be "fast but sustainable", promises competition for other platforms of this type of mobility which also want to come to Portugal, such as iomo.

We believe that using roads and urban infrastructure to create businesses cannot be done without full cooperation – and support – from the cities in question, "said Fredrik Hjelm, CEO of VOI.

The company, which is the first European startup to invest in this new form of urban mobility, said it wanted to "work side by side with political forces and decision makers to improve local transportation networks in all cities."

Like Lime, which has been in Lisbon since October, VOI scooters have a base price of one euro and cost 15 cents per minute. At present, the company already has more than 120 thousand users. "Our electric scooters offer a faster alternative to running, are simpler than bicycles and more sustainable than fossil fuel buses, taxis and private cars," the CEO said.

The phenomenon of electric scooters has arrived in Portugal, for now, through Lisbon. If VOI follows the trend, it will also come from the national capital that will provide this transportation.

The market for shared electric scooters has grown exponentially since 2012, when they appeared in San Francisco, United States. Even with the controversy about how users use it – sometimes without a helmet and often leave them in the middle of a vehicle – it has grown exponentially.

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